and if i told you in 87 at dow 1600 after the crash that the dow wud be up over 5 fold and prudential would do that you wud have sed i wuz nutz..lmao...<<<<
in 1987 the public was not largely involved in the market, in 1999 the public was ga ga on the market, there are more mutual funds than stock issues -lol-
you've got to throw in the towel on that dow 16,000 stuff and stop looking like a fewl, we have just come off a new era top, like 1929 or 1966, it's going to take a long time to put a flag on this 18 year pole.
the question is how will it resolve, will it be the mother of all bear channels or something kinder and gentler, the nikkei bubble was stopped out in 1992 and was held in check by the bouyant US market, and traded sideways.
We are the economy of last resort, and the lenders of last resort are giving no money down, 0% loans to buy stuff,
maybe China will become an economic powerhouse and bail out the world economy -g-